Nvidia has confirmed its acquisition of Hugging Face for $12.93 billion, ending weeks of speculation about a deal. Hugging Face’s platform hosts three million models, one million applications, and half a million datasets, serving more than 18 million developers. In a blog post, Nvidia CEO Jensen Huang said Hugging Face would remain an open platform, allowing…

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Owner, a company focused on helping independent restaurants grow their online presence, has raised $240 million in a Series D round led by Goldman Sachs Alternatives, bringing its total valuation to $2.3 billion. The round follows a $120 million raise last May and a $33 million round in early 2024, and included participation from existing…

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Insider Brief SweetAg raised $7.4 million led by Diagram, Builders VC, and Cooperative Ventures to scale its AI-powered agricultural fintech platform, used by lenders, co-ops, and agribusinesses. The funding comes as farmers face rising input costs, with diesel up 28% and fertilizer up 11% to 23%, widening a working capital gap that SweetAg’s platform aims…

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OpenAI is at the center of two developing controversies this week, spanning copyright policy and AI safety research. The Trump administration filed a 20-page brief supporting OpenAI in a lawsuit brought by The New York Times over the company’s unlicensed use of copyrighted material to train its language models. The brief argued that maintaining American…

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Israeli-Dutch AI startup Wonderful has raised $550 million in a Series C round that values the company at $5 billion, more than doubling the $2 billion valuation it reached less than six months ago. Insight Partners again led the round, joined by returning investors Index Ventures, IVP, Vine Ventures, 9Yards, and Bessemer Venture Partners, with…

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Read Online | Sign Up | Advertise Good morning, {{ first_name | AI enthusiasts }}, and welcome to our 3,428 new readers. We’re only three days into September, and a flurry of new AI models has already hit the leaderboards. Both Meta and Google just joined the launch party Anthropic kicked off, but on very…

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OneRail has launched an AI-powered delivery platform that uses Nvidia technology to help retailers, wholesalers, and distributors decide how individual orders should be delivered. Called OmniSTAR, the system evaluates options including owned fleets, couriers, parcel carriers, and other delivery modes, then selects the lowest-cost option that meets the required service level, according to OneRail. The…

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NVIDIA has agreed to acquire Hugging Face for $12.93 billion to scale the open-source model repository’s platform and infrastructure. The transaction targets platform growth and infrastructure investment, aiming to expand AI access for enterprise developers, software engineers, and research institutions globally. Built over the past decade by Clem Delangue, Julien Chaumond, Thomas Wolf, and their…

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AI training-data startup AfterQuery has reportedly raised a round valuing the company at $3.2 billion, according to Forbes, just five months after it announced a $30 million Series A at a $300 million valuation in April. The jump represents more than a tenfold increase in under half a year, which Y Combinator partner Gustaf Alströmer…

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Deal sourcing used to run almost entirely on relationships. A banker relationship, a scout network, a founder who happened to know the right partner. That model still matters, but it is no longer the whole story. Across private equity, venture capital, and growth equity, investors are increasingly building sourcing pipelines around live market data and…

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